New Zealand uses the New Zealand Dollar as its circulation currency for daily transactions. The country also issues a number of commemorative and collector coins, including in the internationally popular one ounce of silver format (abbreviated as 1 oz Ag, where "Ag" comes from the Latin word for silver, Argentum). Authorised by the Reserve Bank of New Zealand, the official issuer of these coins is NZ Post - which also issues the country's postal stamps. Manufacturing of the coins is commissioned to various foreign mints.
The coins are "Non-Circulating Legal Tender" (NCLT) and not bullion because they are issued at prices much higher than their intrinsic value and are targeted at collectors who appreciate them for their artistic or sentimental value, and not at bullion investors.
The silver coin is dedicated to the Platinum jubilee of Queen Elizabeth II (70 years on the throne).
NZ Post says about it:
The vast majority of people cannot remember a time before Elizabeth II was our Queen. Her presence has been a continuous thread linking several generations. Queen Elizabeth II is renowned around the world for her dedication and devotion to the 15 nations she serves as sovereign. Her commitment to her role, her compassion for the people she meets and her professionalism in the work she does are all cornerstones of her character. For more than 70 years she has been a constant figure in the public lives of New Zealand, the United Kingdom of Great Britain and Northern Ireland, and the entire Commonwealth. | 
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